Showing 1 - 10 of 33
Persistent link: https://www.econbiz.de/10011312410
We review the nature of some well-known phenomena such as volatility smiles, convexity adjustments and parallel derivative markets. We propose that the market is incomplete and postulate the existence of intrinsic risks in every contingent claim as a basis for understanding these phenomena. In a...
Persistent link: https://www.econbiz.de/10013057444
Persistent link: https://www.econbiz.de/10002250936
Persistent link: https://www.econbiz.de/10008662357
Persistent link: https://www.econbiz.de/10003384030
Persistent link: https://www.econbiz.de/10001619289
Persistent link: https://www.econbiz.de/10001620447
Persistent link: https://www.econbiz.de/10001732832
Persistent link: https://www.econbiz.de/10001743251
Persistent link: https://www.econbiz.de/10002765054